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20121205
20121213
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
FOX News
Dec 5, 2012 12:00pm PST
and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b en
FOX News
Dec 10, 2012 12:00pm PST
tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-to-work deal that michigan's republican legislature is set to pass calling it a right
FOX News
Dec 13, 2012 12:00pm PST
were talking to about the john boehner and president obama meeting, there's another piece of news. >> a lot of people on capitol hill are wonder whether the president wanted a fight over the next secretary of state. a lot of republican senators here were saying that essentially he should have the person that he wants in that role but they had serious reservations about susan rice. so after she came up here to try to clear up the misunderstandings over benghazi or answer their questions, a lot were irritated after the meeting. susan collins withdrawing support, who is a moderate. john mccain, lindsey graham from south carolina seemed more furious after they came here than beforehand. so it seemed pretty clear susan rice's nomination, if it were submitted, would be a serious fight that perhaps the president did not want at this point with so much else he's trying to get accomplished heading into his second term. >> gretchen: back to ed henry. i'm wonder, is john kerry cracking the champagne right now? >> there's no doubt. i was speaking to a democrat a few moments before the news br
Search Results 0 to 3 of about 4 (some duplicates have been removed)